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Megaworld Corporation is a real estate development company founded in 1989 by Andrew Tan. It develops residential and commercial properties across the Philippines. Megaworld also established the Megaworld Foundation in 1999 to provide scholarships and support education, health, and welfare programs. The Foundation has partnered with universities to provide over 400 scholarships annually. It also supports various charities that help children, women, the elderly, and those with disabilities. Megaworld aims to strengthen communities and improve lives through sustainable real estate and corporate social responsibility initiatives.
Megaworld Corporation is a real estate development company founded in 1989 by Andrew Tan. It develops residential and commercial properties across the Philippines. Megaworld also established the Megaworld Foundation in 1999 to provide scholarships and support education, health, and welfare programs. The Foundation has partnered with universities to provide over 400 scholarships annually. It also supports various charities that help children, women, the elderly, and those with disabilities. Megaworld aims to strengthen communities and improve lives through sustainable real estate and corporate social responsibility initiatives.
Megaworld Corporation is a real estate development company founded in 1989 by Andrew Tan. It develops residential and commercial properties across the Philippines. Megaworld also established the Megaworld Foundation in 1999 to provide scholarships and support education, health, and welfare programs. The Foundation has partnered with universities to provide over 400 scholarships annually. It also supports various charities that help children, women, the elderly, and those with disabilities. Megaworld aims to strengthen communities and improve lives through sustainable real estate and corporate social responsibility initiatives.
Presented by: Violeta C. Sia John Dimarzio R. Cornejo Personal Background
Originally an immigrant from China, Andrew
Tan was born in the Fujian province. He spent his childhood at an apartment in Hong Kong which was shared by other families. He graduated Magna Cum Laude from the University of the East with the degree of Bachelor of Science in Business Administration. He is married with four children and lives in Manila, Philippines. Tan runs the Alliance Global Group Inc. (AGI). It is composed of three companies Megaworld Corporation – A real estate corporation engaged in developing condominiums. It has subsidiaries called Empire East and Suntrust Properties.
Emperador Distillers, Inc. – Best known for its Emperador
Brandy which became the world's best-selling brandy in 2006, and Emperador Light.
Golden Arches Development Corporation
– Operates McDonald's franchises. In 2011, Forbes magazine rated him fourth on the list of the "Philippines 40 richest" with an estimated net worth of $2 billion. His net worth is currently at $2.6B Historical Background of the Company Megaworld Corporation, founded by Dr. Andrew L. Tan, was incorporated and registered with the Securities and Exchange Commission on August 24,1989. It was listed on the Philippine Stock Exchange on June 15, 1994.
The company commenced its operations with the
construction of a residential condominium in the Greenhills area of Manila. In 1994, the company expanded its operations, taking advantage of increased demand and economic stability. The principal business activity of Megaworld is property development for sale and property investment for rental purposes. Andrew Tan has served as Chairman of the Board and President of the company since its incorporation in 1989. The company anchors its staying power and buoyant performance even in a challenging business environment on its solid grasp of the property market's evolving requirements at any given time. Vision & Mission To our Stockholders • Megaworld pledges to live up to your trust and expectations through a consistently outstanding performance geared to deliver earnings and growth. It is committed to repay your long-term investment of capital in the Company with unrelenting efforts to build a legacy of profitability that will benefit you and the next generation through a continued appreciation in share values. To our Customers • Megaworld aims to ensure your utmost satisfaction through high quality products conceived in the spirit of innovation and born out of continuous research and development. It gives priority to the continuous upgrading of the skills and expertise of its key people so that they can provide you with service of the highest quality. To our Employees • Megaworld endeavors to be a Company where you can build a long-term fulfilling career. It will shape a corporate culture that values fairness, promotes teamwork and productivity and ensures job security and advancement as a reward for loyalty and performance. Megaworld Foundation Inc. Since its establishment in 1999, Megaworld Foundation has placed socio-economic development and the empowerment of the less privileged at the core of its endeavors. It primarily by promoting education through scholarship programs for financially handicapped but deserving students. It also supports causes that promote poverty alleviation, people empowerment, social justice, good governance, environmental conservation and other noble undertakings. History of Megaworld Foundation, Inc. • It was established in 1999 as Megaworld Corporation’s socio-civic arm. It initially offered scholarship grants to students taking up Engineering and Architecture courses at the University of the Philippines and Mapua Institute of Technology, where it sponsored 70 scholars from first to fourth year. Since 1999, the Foundation has also given financial assistance and support to a variety of organizations that aim to promote social justice and improve the lives of Filipinos. Vision & Mission of Megaworld Foundation Inc. Vision • Megaworld Foundation, Inc. envisions to be a leading foundation that promotes corporate social responsibility by organizing and supporting educational and charitable programs geared toward the social and economic development of the less privileged. Mission • To provide scholarship grants to financially handicapped but academically qualified students • To provide financial assistance to foundations and socio-civic organizations CSR activities being implemented I. Within the company A. Employees Employee Volunteerism and Involvement Megaworld Foundation promotes a culture of volunteerism and community involvement among its ranks. It organized activities where more than two-hundred individuals participated and totaling more than three thousand volunteer hours in various projects; ranging from feeding projects, medical missions, hospital repainting and also environmental advocacies to name a few. Products & Services Providing Shelter and Affordable Housing Megaworld partnered with international institutions to help offer decent shelter to the less privileged and the displaced victims of calamities. CSR Activities outside the company Customers Continuous upgrading of skills and expertise of key people in the Customer Relations Department so that they can provide customers with service of the highest quality. Institutionalization of the Customer Feedback System and Customer Delight Activities. Natural Resources 105,000 m2 of land planted with trees to conserve a source of drinking water for 12 million Filipinos. Physical Resources Scholarship Program As its first major initiative in 1999, the Foundation launched a college scholarship program in two pilot universities in Metro Manila, to help bright but needy students in realizing their dreams.
From 2009 of having one-hundred (111) scholars it
increased to four-hundred seven (407) this 2011. This was possible through partnership with twenty- one universities and colleges. Angeles University Foundation Ateneo de Manila University Adamson University Centro Escolar University De La Salle University Far Eastern University Far Eastern University – East Asia College Lyceum of the Philippines Mapua Institute of Technology Manila Tytana College National University Pamantasan ng Lungsod ng Maynila Philippine School of Business Administration Polytechnic University of the Philippines San Beda College San Sebastian Technological Institute of the Philippines Technological University of the Philippines University of the East University of the Philippines University of Santo Tomas Institution Partnership- Sponsorship and Donations Strengthening the Country’s Education System. Megaworld aspired to strengthen the educational system of the country in any way we can—from constructing classrooms and providing school facilities to research sponsorships. Supporting Welfare Projects for Children, Women, and the Elderly
Megaworld gave financial assistance to projects
that involved alleviating the welfare of children and youth, women, and the elderly. Improving the Delivery of Philippine Health Care Megaworld helped improve the delivery of Philippine health care by donating to major hospitals and institutions that bring basic healthcare at the grassroots level. • Responding to Environmental Concern and Calamities Megaworld also partnered with institutions to help answer current environmental issues and to extend help to victims of calamities that struck the country in 2012. Aside from youth welfare, the Foundation also reaches out to the disadvantaged and people with disabilities and to the abandoned elderly, children and mentally challenged persons, by recognizing the sector’s contributions through giving support to Cottolengo Filipino, Philippine Cerebral Palsy, Create a Job for the Disabled, Angelique Vizoro Deaf Ministry Foundation, Inc., Autism Society Philippines and Philippine Foundation for the Rehabilitation of the Disabled, Inc.. Andrew Tan said that, “We at the Megaworld Foundation, believe that we are a part of the communities we serve. Our sense of solidarity is reflected in our passion to uplift the youth and build the nation through education and charity.” Recommendations Although a lot of CSR activities have implemented but in terms of production and office administration inside the company doesn’t have any CSR activities.
Provide scholarships to more school especially
schools in province. References: https://www.megaworldcorp.com/investors/sites/inv estors/files/2018-05/MEG-ACGR-for-year-2016.pdf https://www.megaworldcorp.com/investors/sites/inv estors/files/2018-05/Annual-Report-20111.pdf https://www.youtube.com/watch?v=G8ySRhGeqvA